These rates vary depending on your employment status; be it an employee or self-employed. The tax rates are as follows:
EMPLOYED | SELF EMPLOYED/CONTRACTOR | |
NIS | 3% | 6% |
NHT | 2% | 3% |
EDU TAX | 2.25% | 2.25% |
PAYE/INCOME TAX | 25% or 30% | 25% |
25% income tax is calculated on income after pension, NIS and threshold is deducted if you earn over $1.5M – $6M
30% income tax is calculated on earning for employed individuals that exceed $6M